BTS

Budgeting Preparation, Allocation, OPEXCAPEX, Spreadsheets & Cost Analysis

The effective management of budgeting and cost control is crucial for contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to think in terms of process-value added to customers/shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations. In addressing these issues, this course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which they are accountable. By combining techniques analysis, problems and examples with real case studies, the course provides participants with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

The Training Course Will Highlight ?

Identify the role of budgeting within the organization’s management system
Develop proper system of cost analysis for budgeting purposes
Master the budgeting and financial skills required for better decision-making
Link strategy to operational plans
Learn new best practices to manage organizational performance
Integrate organizational drivers with strategic objectives
Connect financial and pre-financial drivers

Training Objective

Participants attending the course will:

Successfully build an integrated planning, budgeting and reporting process
Understand costs behavior more accurately
Deliver more timely and useful information to decision-makers
Understand capital budgeting
Identify & manage key financial indicators for the business
Be able to use specific cost analysis and performance measurement techniques
Be able to understand and implement the Balanced Scorecards
Be able to interpret the financial impact of strategic directions
Understand the problems of overheads allocation and how Activity-Based Analysis may aid decision-making and pricing strategies
Select the performance measurement systems that work
Think proactively beyond budgeting

Target Audience

Those in charge for designing and managing a budgetary system
The staff person who will be responsible for entering data into the budget system or training others how to enter information
Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
Financial professionals, R&D professionals, sales/marketing professionals, general accounting professionals, business unit professionals
Anyone who wants to understand the basics of budgeting, costing and performance measurement

Training Methods

We combine theory and practice. Therefore, besides lectures based on PowerPoint presentations, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies.

Daily Agenda

Accreditation